All News articles – Page 421
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NewsAkasa reaches sale-and-leaseback pact for initial 737 Max fleet
Indian start-up carrier Akasa Air has entered a sale-and-leaseback agreement covering five Boeing 737 Max 8 jets. The airline has reached the deal with Griffin Global Asset Management. Delivery of the 737s is scheduled to commence in June and the lessor says the agreement covers several of Akasa’s initial aircraft. ...
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NewsIndonesian air travel recovering, but faces big challenges: whitepaper
While Indonesia’s air travel market is recovering from the coronavirus pandemic, several challenges confront the country’s airlines.
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NewsATR execs size up big potential in Japanese regional market
ATR has outlined big ambitions for the Japanese market, anticipating significant ATR fleet growth in the next few years.
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NewsUSMC MV-22B Osprey crashes in California
The US military has confirmed that a Bell Boeing MV-22B Osprey aircraft has crashed in California.
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NewsDoD releases inflation guidance as aerospace contractors face rising costs
A memo released by the assistant secretary of defence for acquisitions specifies that so-called ”economic price adjustments” should be fair to both the government and suppliers.
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NewsBell awarded contract to modernise RCAF Griffon fleet
Bell Textron Canada was awarded an $637 million contact to modernise the Royal Canadian Air Force’s fleet of 85 CH-146 Griffon utility helicopters.
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NewsNorse Atlantic to open US services from German capital
Transatlantic start-up Norse Atlantic Airways is opening services from the German capital Berlin, operating initially to two US gateways. Norse Atlantic will serve New York JFK daily from 17 August. It will expand the fledgling German network with a service to Los Angeles from 19 August, operating three-times weekly. Norse ...
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NewsTurkish A350 agreement becomes highlight of Airbus activity in May
Turkish Airlines provided the highlight for Airbus orders during May, following through on its indication that it would take additional A350s. The airframer has recorded an order for four A350-900s from the carrier, in a month of relatively little activity. Turkish Airlines had signalled in May that it would commit ...
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NewsSpirit delays shareholder vote on Frontier acquisition
In the latest twist in the drama around Frontier Airlines’ proposed acquisition of ultra-low-cost carrier Spirit Airlines, Spirit has delayed a key shareholder vote that had been scheduled for later this week.
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NewsITA’s latest A350 flags carrier’s sustainability ambitions
Italian carrier ITA Airways will take its operational fleet of Airbus A350-900s to four – half of the eight planned – in June, through the introduction of a twinjet with a minimalist livery intended to highlight sustainability. The aircraft is largely white, in contrast to the distinctive blue which dominates ...
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NewsWizz continues to switch Airbus commitments to A321neo
Wizz Air has converted 21 Airbus A320neo commitments to the A321neo, a further shift of its single-aisle backlog towards the higher-capacity variant. The airline disclosed, as it released full-year final results, that it formalised the conversion in May. Deliveries of these aircraft will be carried out over the course of ...
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NewsWizz optimistic on restoring low cost levels as inflation adds to airline misery
Central European budget carrier Wizz Air is expecting the current fiscal year to be one “marked by high inflation”, as it looks to return to pre-crisis cost levels and improve its competitiveness. Wizz Air turned in a full-year net loss of €642 million ($686 million) – higher than the previous ...
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NewsAustralian air travel on firm recovery path: competition watchdog
The Australian Competition & Consumer Commission (ACCC) says that Australia’s air travel market is well on its way to recovering from the coronavirus pandemic, but that higher fuel prices are pushing up fares.
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NewsCathay gets second drawdown extension for HK$7.8 billion government loan
The Hong Kong government has again extended the drawdown period for a HK$7.8 billion ($1 billion) loan facility for home carrier Cathay Pacific.
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NewsRaytheon moves headquarters to Washington, DC area
The 100-year-old manufacturer of guided missiles, aircraft engines and avionics is relocating its headquarters to the Washington, DC area from Massachusetts.
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NewsEmbraer hopes to revive development of hybrid-electric military transport
Embraer sees the potential to eventually resume development of a hybrid-electric short take-off aircraft despite the project stalling due to Brazilian government funding issues.
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NewsAir France-KLM chief concerned over staff shortage spreading to Paris and 787 delays
The chief executive of Air France-KLM has expressed concern over further staffing shortages and aircraft delivery delays, as he looks ahead to the busiest travel months of the year. Ben Smith’s comments came after tough operational challenges at KLM in recent weeks, where disruption and flight cancellations have affected services ...
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NewsEasyJet chief calls for ‘sober view’ of capacity limits at UK airports this summer
EasyJet has called for key stakeholders to make an assessment of how much capacity individual UK airports can handle in the coming months
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NewsIATA chief hits back at ‘idiot politicians’ who blame UK airlines for staff shortages
The director general of airline association IATA has dismissed the suggestion that airlines are to blame for the current operational challenges being seen in the UK and elsewhere, while insisting that the issues will be overcome.
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NewsUS looks to seize 787-8 and G650ER due to Russian sanction violations
Citing violations of export restrictions, a US federal judge has authorised the US government to seize a Boeing 787-8 and Gulfstream G650ER owned by Russian billionaire Roman Abramovich.